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Credit Suisse reports 24% rise in net profit as it merges its investment banking units

(CNBC) Credit Suisse posted Thursday a 24% increase in net income and made additional provisions amid a “challenging economic environment.” The Swiss bank also announced several structural changes. This will include the setting up of a global investment bank unit — which will combine its global markets and investment banking divisions — and a savings program of about 400 million Swiss francs per year, from 2022 onward.

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